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U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of 75 touch points, across 70 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 45,000 agent locations across Pakistan.

U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation of National Financial Inclusion Strategy 2020 that aims to bring 50% of Pakistan’s adult population in to banking net.

At U Microfinance Bank, we firmly believe that access to microfinance services contribute significantly towards building a more inclusive society leading to bringing underserved population in to banking net as well as help document the informal economy. Our product portfolio is designed to continuously create livelihoods for the underserved population of Pakistan and bring betterment to their lives.

Year 2016 has been the year of remarkable turnaround with exceptional performance. U Microfinance Bank’s loan customer portfolio grew from 22,254 customers in 2015 to 118,160 in 2016, 30% of our customers are women. Our customer deposits grew from PKR 1.1 billion to PKR 8.1 billion, while our loan portfolio grew from PKR 913 million to PKR 5.5 billion. Most significantly, our network grew from 38 touch points to 75 and our staff increased from 403 employees in 2015 to 939 in 2016.

U Microfinance Bank is looking forward to another landmark year of service and performance.

Naseem Imran is 35 year old mother of three who lives near Faisal Park Imania Lahore. Naseem has been working for last 10 years and owns a small business of making file covers. She needed investment in her business to buy more sewing machines.

Her financial situation did not allow her to make the investment needed to produce high quality products in larger quantities. A PKR 40,000 loan from U Microfinance Bank has allowed her to expand her business and upgrade the product quality enabling her to earn more money.

Abdullah Ahsan is a 48 year old father of 5 living in Gujranwala. Abduallah owns a motor cycle repair and spare part sale shop since last nine years. Abdullah needed a loan to grow his business.

A loan of PKR 40,000/- from U Bank extended the help Abdullah needed to grow his business allowing him not just to serve more customers but also helped him to set up another shop which is now run by his eldest son. One loan has allowed the family to increase its income by many fold.

Mehmooda Bibi is a 58 year old, mother of four living in Bhutto colony in the out skirts of Lahore. Mehmooda has had a tough life but her resilience has helped her overcome dire poverty. Her husband’s income has not been sufficient to feed the family of eight. She ran a home based small business of selling glass bangles, parandas and henna since last few years.

The business needed investment to allow her to bring in more products for her customers. The loan from the bank allowed her to bring in new products, resulting in more customers and more income.

Mehmooda Bibi is a 58 year old, mother of four living in Bhutto colony in the out skirts of Lahore. Mehmooda has had a tough life but her resilience has helped her overcome dire poverty. Her husband’s income has not been sufficient to feed the family of eight. She ran a home based small business of selling glass bangles, parandas and henna since last few years.

The business needed investment to allow her to bring in more products for her customers. The loan from the bank allowed her to bring in new products, resulting in more customers and more income.

29 year old Bilawal Ali is a carpenter and owned a small furniture shop in Gujrat. Capital has been a constraint that did not allow him to meet his capacity and produce higher quality products. The daily struggle of feeding his family did not leave any room to make much needed investment in better tools and raw material.

A small loan from U Microfinance made all the difference and allowed him to expand his business and produce higher quality product.